PA Workers Could Soon Pay Taxes ... to Employers

(Newser)
–
A new Pennsylvania law—which has already passed the state House and Senate, but has not yet been signed by the governor—would force some employees to pay taxes to their employers, Philadelphia's citypaper reports. The law is a tax incentive attempting to lure software company Oracle to Pennsylvania; it states that any company hiring at least 250 new workers in the state can keep 95% of those workers' withheld income taxes rather than sending the money off to the state treasury, the Philadelphia Inquirer reports.

Supporters say the bill will spur job creation, but opponents say general tax reductions for all businesses are a better idea. In citypaper, Daniel Denvir sums it up thusly: "Your taxes would get withheld by your boss like normal, but they would then keep them and spend it on private jets or monogrammed bathroom fixtures or whatever." But the Inquirer points out that the amount companies can keep is capped at $5 million, the program expires in 2018, and it's not even clear Gov. Tom Corbett will sign. (Read more Pennsylvania stories.)

Whats going to happen at the end of the year and the Fed's want their Money ? Will the Company give all that money to the Fed's or will the Employee's have to pay Twice ? I doubt if the Company will do the right thing !!! Daddy need's a New Solid Gold Toilet for the Romney Bedroom !!!

LarryG

Oct 25, 2012 8:46 AM CDT

this will result in CEOs giving themselves big fat bonuses,,,not investing in their company.

MisterPlinkett

Oct 25, 2012 5:26 AM CDT

Kind of a misleading title. I'd rather a portion of my income goto my employer so they can spend it on the business than to gov't that would just piss it away. Then again, i'd rather neither got it. Then i'd earn more money and could spend it on stuff that would...you know...STIMULATE THE FUCKING ECONOMY!